Savings in travel time are still one of the most important benefits attributable to transport improvements. 'On average, 80% of the quantified benefits from a typical trunk road scheme are derived from time savings'. The value of travel time is the rate at which travellers are willing to substitute increased out-of-pocket costs for reductions in travel time and vice versa. The following topics are discussed: Length of time saving; Evidence on small time savings; Savings in working time; Criteria of choice; Methodology of survey design; and Time values and wage rates.
Valuing Savings in Travel Time
1979
17 pages
Report
Keine Angabe
Englisch
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